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Dmitriy789 [7]
4 years ago
9

What is scarcity, and how does it affect supply and demand in the game of economics?

Business
2 answers:
suter [353]4 years ago
7 0
<span>If something is scares the supply goes up and the price


</span>
Vladimir [108]4 years ago
6 0
It means that there is not much of it. It's demand will skyrocket because it becomes valuable. Example: There aren't many diamonds in the world, it's a nonrenewable resource, and because it's rare, it's valuable. Having less of something makes it rare.<span />
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3 years ago
What is used to calculate the cost of living index
Elanso [62]

Explanation:

A cost-of-living index is a theoretical price index that measures relative cost of living over time or regions. It is an index that measures differences in the price of goods and services, and allows for substitutions with other items as prices vary.

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3 years ago
TRUE/FALSE?
horrorfan [7]

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true, defiantily true

Explanation:

if this helps can i have brainliest when u get the chance...thnx

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3 years ago
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XYZ​ firm, the leading producer of leather goods in its country is planning to expand its business. Industry experts identify As
melisa1 [442]

The correct answer would be option D, India has high import tariffs.

Mark feels that Darren is too optimistic and that this venture may not turn out to be as profitable as Darren expects it to be. Darren's view is based on the assumption that India has high import tariffs.

Explanation:

When companies import or export products in or out of the country, they are usually charged with a duty which they have to pay on the import or export of the products. This is called as the Tariff.

While considering the export of a product to another country, the import tariffs of that other country has a pretty much impact on the profits of that company's Sales. Higher the tariffs, lower the profits and vice versa.

So when Mark wanted to export his product to India, Darren was with the view that India has high import tariffs which will restrict them to have huge profits of exporting their product.

Learn more about import export tariffs at:

brainly.com/question/6869228

#LearnWithBrainly

7 0
4 years ago
Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve nev
Klio2033 [76]

Answer:

The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area

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The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.

6 0
4 years ago
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